Web3 News: What happened last week?
A lively start to the new week! The week promises to be eventful, but for now let’s go over some interesting news from the last 5 days.
🇺🇸 The former President Donald Trump made a statement warning about the state of the U.S. economy and the potential for conflict. He claimed that the U.S. dollar is on the brink of crashing and that the economic damage caused by the Biden administration has put the country on the brink of World War III.
These comments have generated significant attention and speculation, with many people questioning the validity of the claims. It’s important to note that former presidents often make public statements and offer their opinions on current events, but these statements do not necessarily reflect official government policy or have any basis in fact.
UK Treasury Proposes Tax on DeFi Staking and Lending
🇬🇧 The UK Treasury is seeking feedback from the public on its proposal to tax decentralized finance (DeFi) activities. DeFi has seen explosive growth in recent years, with billions of dollars worth of assets now being held in various DeFi protocols and platforms.
The UK Treasury is proposing to tax staking and lending activities within the DeFi ecosystem. This would bring DeFi in line with existing tax regulations for more traditional finance activities. The Treasury is inviting feedback on the proposal to ensure that it takes into account the views of all relevant stakeholders and that the tax system remains fair and effective.
This is an important step in the ongoing development of the DeFi ecosystem, and the outcome of this consultation will have a significant impact on the future of DeFi in the UK.
Binance Japan Set to Launch in June 2023 as Exchange Expands in Asia
🇯🇵 Binance, one of the largest cryptocurrency exchanges in the world, is set to launch its Japanese arm in June 2023.
This expansion into the Asian market is a strategic move by Binance to increase its presence and tap into the growing demand for digital assets in the region. With a strong regulatory framework and a large pool of tech-savvy individuals, Japan is an attractive market for cryptocurrency exchanges.
The launch of Binance Japan is expected to bring increased competition and more options for consumers looking to buy, sell, and trade digital assets.
Mastercard Unveils Mastercard Crypto Credential to Enhance Verification in Payment Solutions
💳 Mastercard, a global payment processing giant, has recently announced the launch of its Mastercard Crypto Credential. This new offering is aimed at enhancing verification in various payment solutions and building trust in the blockchain ecosystem.
To achieve this, Mastercard has partnered with leading blockchain companies to develop this cutting-edge technology. The Mastercard Crypto Credential is designed to provide a secure and efficient means of verifying transactions and identities in the blockchain space.
With its vast network and experience in payment processing, Mastercard is well positioned to drive innovation in this area and help bring blockchain to the masses.
PayPal Expands Crypto Services with Venmo Cryptocurrency Transfers to PayPal Accounts and External Wallets
👏 PayPal, a leading digital payments company, has recently announced an expansion of its crypto services. The company is now enabling Venmo users to transfer cryptocurrencies to a variety of destinations, including PayPal accounts and external wallets.
This move represents a significant step forward for PayPal in its efforts to bring cryptocurrency to the mainstream. By allowing Venmo users to transfer cryptocurrencies, PayPal is making it easier for people to access and use digital assets in their daily lives. This is an exciting development for the cryptocurrency industry and is expected to have a positive impact on the growth and adoption of digital assets.